Cruz warns Saudis to stop using oil in ‘economic warfare’ against US


Sen. Ted Cruz told CNBC on Monday he and eight other GOP senators recently ripped into the Saudi ambassador in a conference call over the oil price war with Russia that has threatened to put American producers out of business. 

In a “Squawk Box” interview, Cruz said the call with Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud was “as candid a call, and direct a call, as I’ve ever had with a foreign leader.”

“We quite frankly unloaded on her,” the Texas Republican said.

Oil prices have plummeted as Saudi Arabia and Russia remain locked in a price war that began after Russia earlier this month rejected an additional 1.5 million barrels per day production cut proposed by…


Not in an ‘all clear’ for stock index buying

Previous article

GM making progress on ventilators, masks for coronavirus pandemic

Next article

You may also like

Leave a Reply

Notify of

More in Energy